Vista Investment Partners LLC Buys 16,041 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Vista Investment Partners LLC grew its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,672 shares of the energy company's stock after acquiring an additional 16,041 shares during the period. Alliance Resource Partners accounts for approximately 3.0% of Vista Investment Partners LLC's holdings, making the stock its 5th largest position. Vista Investment Partners LLC owned approximately 0.28% of Alliance Resource Partners worth $9,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Alliance Resource Partners by 2.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,815,453 shares of the energy company's stock worth $47,728,000 after purchasing an additional 44,636 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Alliance Resource Partners during the fourth quarter worth about $495,000. Raymond James Financial Inc. acquired a new position in Alliance Resource Partners during the fourth quarter worth approximately $14,564,000. Avantax Advisory Services Inc. bought a new stake in Alliance Resource Partners in the fourth quarter valued at approximately $271,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Alliance Resource Partners by 13.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 80,841 shares of the energy company's stock valued at $2,125,000 after buying an additional 9,451 shares during the last quarter. Institutional investors and hedge funds own 18.11% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ARLP shares. Wall Street Zen raised Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th. Benchmark reaffirmed a "buy" rating and set a $29.00 price target on shares of Alliance Resource Partners in a report on Tuesday, April 29th.

Alliance Resource Partners Stock Performance

ARLP stock traded down $0.15 during mid-day trading on Friday, hitting $25.99. 490,927 shares of the company were exchanged, compared to its average volume of 342,228. Alliance Resource Partners, L.P. has a 1-year low of $22.18 and a 1-year high of $30.56. The stock has a market capitalization of $3.34 billion, a PE ratio of 12.26 and a beta of 0.56. The business has a 50 day simple moving average of $26.39 and a 200-day simple moving average of $26.48. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). Alliance Resource Partners had a return on equity of 15.77% and a net margin of 11.84%. The firm had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. On average, equities analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were given a $0.70 dividend. The ex-dividend date was Thursday, May 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.77%. Alliance Resource Partners's payout ratio is 132.08%.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.